January 31, 2014 AT 1:04 pm

iBag Protects From Overspending #FLORA

Picture this – you’ve just left the office and are getting ready to make your way home. It’s another week until payday and you know you shouldn’t be spending any more money, but you ignore the responsible voice in your head and decide to take a quick detour down to your favourite shopping haunt, ‘just to window shop’, you tell yourself.

As soon as you enter your shopping ‘danger zone’ the bag lights up with a LED light warning signal that’s triggered by a GPS chip. If you decide to ignore this and make a purchase, the bag will track your wallet being taken out and send an SMS to your nominated ‘responsible other’ to let them know you’ve had a spending relapse.

You may think that although these features are great, they’re only a deterrent and won’t actually stop you from making a purchase, so there’s also a real-time clock which locks the bag during vulnerable spending times during the day.